Pennsylvania’s legislature is making headlines by proposing a landmark Bitcoin reserve bill, championed by Representative Mike Cabell. This strategic move aims to integrate Bitcoin into the state’s financial reserves, primarily as an inflation hedge and to fortify its economic future. The bill has already navigated through the House and is now under Senate scrutiny, drawing support for its progressive approach towards digital assets.

According to Dennis Porter, co-founder of the Satoshi Action Fund, this legislative push by Pennsylvania could set a precedent for other states, with at least ten more considering similar measures. “This initiative marks Pennsylvania as a leader in preparing for a future dominated by digital currencies,” Porter stated. Representative Cabell echoed this sentiment, underscoring the necessity of collaborative efforts to realize the potential of digital assets within state and national economies.

As the bill garners traction, it suggests allocating up to 10% of the state’s $7 billion rainy day fund to Bitcoin, although initial investments may start smaller. With Governor Josh Shapiro’s backing seen as pivotal for the bill’s passage, Pennsylvania stands on the brink of becoming the first state to officially endorse Bitcoin as a reserve asset, potentially catalyzing a nationwide adoption of digital asset strategies among state governments.

Source

It is the prospect of the sovereign individual that seems to most trouble the nation-state today. This odd threat perception has been the outgrowth of a political genealogy that, in the generations since the American Revolution, has increasingly come to equate the state with society while constellating the individual as the enemy of both. This equation would have been profoundly disconcerting to the founders of the American republic, who called forth a new national project precisely to preclude the abuses of an entrenched and predatory overclass—an aristocracy—that deemed itself the rightful custodian, in perpetuity, of the fate and best interests of a people. The political question…

Read more on BitcoinMagazine

Picture this, dear reader: It’s 2016, and for the princely sum of $288,400, you could stroll into the American dream—your very own house. Now, fast forward to 2024, and that same slice of suburban heaven will set you back a staggering $434,700. Wages haven’t quite managed the same level of gymnastics, leaving many young folks clutching their wallets like they’re bracing for the next unexpected subscription charge.

But what if I told you there was a way to make homeownership not only possible but laughably attainable? Enter stage left: Bitcoin. Yes, the orange wonder coin that goes up, down, and all-around faster than a politician’s promises during election season.

INSERT TWEET -…

Read more on BitcoinMagazine

While the last year or two have seen a number of proposals for covenant-proposing extensions to Bitcoin, there has always been a suspicion among experts that covenants may be possible without any extensions. Evidence for this has come in two forms: an expanding repertoire of previously-thought-impossible computations in Script (culminating in the BitVM’s project to implement every RISC-V opcode), and a series of “near-misses” by which Bitcoin developers have found ways that covenants would have been possible, if not for some obscure historical quirk of the system.

Ethan Heilman, Avihu Levy, Victor Kobolov and I have developed a scheme which proves this suspicion was well founded. Our…

Read more on BitcoinMagazine

With the price surging above $90,000, you’re likely all too aware that everything that isn’t Bitcoin is rapidly diminishing in value…

Follow Rizzo on X.

https://x.com/pete_rizzo_/

But now you can visualize it! On PricedInBitcoin21.com.

I just discovered this website this week, and as a Bitcoin owner, I’ll say it makes me feel better about my financial decisions. 

As you can see from a quick glance here, the U.S. dollar is now down 86% against Bitcoin on a 5 year basis. 

Ouch.

… Read more on BitcoinMagazine